Bajaj Finserv - Loan Trivia


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Bajaj Finserv

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Bajaj Finserv offers an extensive range of financial products and services including loans, credit cards and fixed deposits. You can avail the products and services online with ease and also from any of the multiple branches located across the country. With several attractive features and benefits on offer, Bajaj Finserv has been one of the most trusted lenders over the years in the Indian financial market. 

Collateral-free advances like the Bajaj Finserv Personal Loan are even disbursed within the same day of approval. Moreover, such advances come against competitive interest rate and other associated charges. Given below is the chart depicting the various costs associated with availing a personal loan.  

Bajaj Finserv Personal Loan Interest Rates  in 2019
Personal loan interest rate
12.99% and above
Processing fees
Up to 4.13% on loan amount
Secure fee (One-time)
EMI bounce charges
Rs.600 to Rs.1,200 (Inclusive of taxes)
Penal interest (on EMI)
Rs.200 per EMI or 2% plus taxes (Higher of the two)

Bajaj Finserv Loans 

Bajaj Finserv brings several loan options for salaried and self-employed individuals to help meet their personal and professional requirements.

Personal Loan 

A salaried individual can easily avail Bajaj Finserv Personal Loan to meet both personal and professional expenditures. The features include – 
  • Unrestricted end-usage.
  • High-value loan of up to Rs.25 lakh.
  • Affordable personal loan interest rates.
Keep the Bajaj Finserv Personal Loan documents required handy to streamline the application procedure and receive fast approval.

Home Loan 

Home Loan from Bajaj Finserv comes with features given below. 
  • Loan of up to Rs.3.5 crore.
  • Flexible repayment tenor.
  • Balance transfer facility.
Use an EMI calculator to estimate instalments as per your repayment capacity and apply for the loan accordingly.

Loan Against Property 

Avail a Bajaj Finserv Loan Against Property by mortgaging your residential or commercial property. Its features include - 
  • High-value loan of up to Rs.3.5 crore.
  • Attractive interest rates.

Professional Loan 

Meet necessary personal or professional funding requirements with a professional loan of up to Rs.35 lakh from Bajaj Finserv. These customised loans for professionals are available for – 
  • Doctors.
  • Chartered accountants.
  • Engineers.

Gold Loan 

Avail a loan of up to Rs.20 lakh from Bajaj Finserv at attractive interest rates against gold kept as collateral. 

Loan Against Securities 

Bajaj Finserv offers loans against securities amounting of up to Rs.10 crore to help fulfil your big-ticket financing needs. 

Loan Against Fixed Deposit 

Enjoy a high-value loan against minimum documentation and eligibility. 
  • Up to 75% of the amount for cumulative FD.
  • Up to 60% of the amount for non-cumulative FD.
The Bajaj Finserv EMI Network also brings an EMI Network Card that allows online and offline purchase of consumer durable products in easy EMIs.

Bajaj Finserv Flexi Loans 

Bajaj Finserv also brings the unique Flexi Loan facility for convenient and affordable repayment. The features include – 
  • Multiple withdrawals from a sanctioned loan amount.
  • Prepayment before the tenor ends.
  • Interest-only EMI payment option.
  • Increased affordability through reduced EMIs.
The Flexi Loan feature on a Bajaj Finserv Personal Loan can lower the EMIs by up to 45%. 

Eligibility Criteria and Documents Required for Salaried-Individual 

Meet the following basic eligibility criteria to avail a Bajaj Finserv Home Loan or any other advance. 

Must be an Indian resident and fulfil the age criteria. 
Employed with a private/public sector company or an MNC. 

The basic documents required include – 
  • KYC documents.
  • Bank account statement.
  • Salary slip.

Eligibility criteria and documents required for self-employed 

To avail a loan from Bajaj Finserv, a self-employed individual must fulfil the following eligibility criteria. 

Must be an Indian resident and meet the age requirement. 
Must have a business vintage for 3 to 5 years depending on the type of loan availed. 

Documents required are as follows.

  • KYC documents.
  • Proof of business’s continuity.
  • Duly filed IT returns with business’s financial documents.

Other Products and Value Added Services at Bajaj Finserv 

A) Fixed Deposits 

Opt for a fixed deposit to enjoy the following features. 
  • High returns of up to 8.70%.
  • Facility for multiple deposits.
  • Tenor flexibility between 12 and 60 months.

B) Bajaj Finserv Insurance Schemes 

Choose from the following insurance schemes to enjoy extensive coverage with Bajaj Finserv. 
  • Life insurance.
  • Health insurance.
  • Home insurance.
  • Car insurance.
  • Two-wheeler insurance.
Check out other plans too.

Bajaj Finserv Credit Card 

Opt from the different types of Bajaj Finserv RBL Bank SuperCard to enjoy unique, industry-first features, earn rewards and much more. 
  • Platinum Choice Super Card.
  • Platinum Choice First Year Free Super Card.
  • Platinum Plus Super Card.
  • Platinum Plus First Year Free Super Card.
  • World Prime Super Card.
  • World Plus Super Card.
  • Shop Smart Super Card.
  • Doctor’s Super Card.
  • Travel Easy Super Card.
  • Value Plus Super Card.
With Bajaj Finserv, you can enjoy multiple other value-added services also – 
  • Extended warranty.
  • Asset care.
  • Financial fitness report.
  • Vhealth card.
  • Doorstep service.
  • Property dossier and property search services.
When applying for any of these products, be it a Bajaj Finserv Credit Card or a loan against property, make sure to check the necessary eligibility criteria and documents for fast approval. Also, plan ahead with the help of the EMI calculator available 24x7 on the Bajaj Finserv website without any additional charges. Contact Bajaj Finserv Customer Care for any queries.